Bank of America will lend $10 million to veteran business fund

SaltWire's Atlantic regional weather forecast for November 8, 2023 | SaltWireNEW YORK - Bank of America will provide a second round of funding to a veterans group that finances small businesses built by former military personnel, the lender said on Wednesday.

The second largest U.S. bank will lend $10 million toward a $25 million fundraising round for the Veteran Loan Fund, which aims to grow to $100 million nationwide by 2027. The veterans group initially raised $15 million when it launched in 2021, with Bank of America investing $5 million of long-term capital below market rates.

The fund offers an online platform to connect military veterans and their spouses with lenders to help them build small businesses.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

RTX Taps Bond Market to Repay Loan Backing $10 Billion Share BuybackRTX Corp. is tapping the US investment-grade bond market to help repay a short-term loan that will cover the cost of its $10 billion share-buyback.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

RTX Taps Bond Market to Repay Loan Backing $10 Billion Share Buyback(Bloomberg) -- RTX Corp. is tapping the US investment-grade bond market to help repay a short-term loan that will cover the cost of its $10 billion share...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »